Seller's Agent in 2022
Juan Huizar
Sage Real Estate Group, Inc.
(562) 307-0838
1 in this area
99 Total Sales
515 E 61st St Los Angeles, CA 90003
Florence NeighborhoodEstimated Value: $801,000 - $974,000
5
Beds
4
Baths
2,291
Sq Ft
$383/Sq Ft
Est. Value
Highlights
- Living Room
- Ramp on the main level
- Tile Flooring
- Laundry Room
- Accessible Parking
- Security Fence
About This Home
As of May 2022Welcome to 515 E. 61st St., a 4-unit property in an up-and-coming neighborhood of Los Angeles. Situated in a rapidly-improving neighborhood, this property is ready to rent as-is, while still a great candidate for value-add investors. Despite a great current cap. rate of 6.9%, there is still tremendous upside in the rents. Offering a favorable unit mix of a duplex up front, each unit having 2 beds, 1 bath. In the rear, there are two separate, free-standing structures - with one home being a 1 bed, 1 bath and the second home being a studio. This large lot features tons of gated parking in the rear, while providing an opportunity to build one, if not two, ADUs. Whether you are an owner-user or a traditional investor, this property has unlimited potential.
Last Agent to Sell the Property
Sage Real Estate Group, Inc. License #01417642 Listed on: 03/08/2022
Co-Listed By
Caleb Baldwin
INTI Realty License #02056751
Last Buyer's Agent
Andrew McAdams
eXp Realty of California Inc License #02158088
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,054
Year Built
- Built in 1908
Lot Details
- 5,419 Sq Ft Lot
- Two or More Common Walls
- Security Fence
- Wrought Iron Fence
- Stucco Fence
- Fence is in good condition
- Rectangular Lot
Home Design
- Quadruplex
- Shingle Roof
Interior Spaces
- 2,291 Sq Ft Home
- 2-Story Property
- Entryway
- Living Room
- Tile Flooring
- Laundry Room
Kitchen
- Gas Oven
- Gas Cooktop
- Range Hood
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Parking Available
- Private Parking
- Shared Driveway
Accessible Home Design
- Ramp on the main level
- Accessible Parking
Outdoor Features
- Exterior Lighting
Utilities
- No Heating
- Gas Water Heater
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 405
- Assessor Parcel Number 6006026028
- $441 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 4 Units
Building Details
- 3 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $900
- Insurance Expense $1,421
- Professional Management Expense $4,560
- Water Sewer Expense $3,360
- New Taxes Expense $10,000
- Operating Expense $20,662
- Gross Income $75,852
- Net Operating Income $55,372
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 30, 2020
Sold by
Fierro Deniz
Bought by
Fierro Anthony P
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$528,000
Outstanding Balance
$467,744
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$410,589
Purchase Details
Closed on
Dec 22, 2017
Sold by
Fierro Anthony P
Bought by
Fierro Anthony P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$513,823
Interest Rate
3.87%
Mortgage Type
FHA
Purchase Details
Closed on
Feb 13, 2017
Sold by
Fierro Deniz
Bought by
Fierro Anthony P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,581
Interest Rate
4.37%
Mortgage Type
FHA
Purchase Details
Closed on
Feb 3, 2017
Sold by
Rodriguez M Richard
Bought by
Fierro Anthony P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,581
Interest Rate
4.37%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 16, 2007
Sold by
Rodriguez Yvonne Vicki
Bought by
Rodriguez M Richard
Purchase Details
Closed on
Jun 12, 2007
Sold by
Calatayud Maricela
Bought by
Rodriguez M Richard
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$516,000
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 23, 2006
Sold by
Chavez Lilia
Bought by
Calatayud Maricela
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$511,200
Interest Rate
6.37%
Mortgage Type
Balloon
Purchase Details
Closed on
Aug 23, 2005
Sold by
Brown Zeira
Bought by
Chavez Lilia
Purchase Details
Closed on
Sep 23, 2004
Sold by
Garcia Alicia
Bought by
Brown Zeira
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
6.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 14, 2003
Sold by
Garcia Frank Javier
Bought by
Garcia Alicia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,550
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 31, 2003
Sold by
Capital Investments Exchange
Bought by
El Valle De Las Delicias
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,550
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 20, 2003
Sold by
El Valle De Las Delicias
Bought by
Garcia Alicia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,550
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 5, 2003
Sold by
Montoya Anahi
Bought by
El Valle De Las Delicias and Capital Investments Exchange
Purchase Details
Closed on
Mar 31, 2003
Sold by
Garcia Guadalupe T
Bought by
Garcia Eduardo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
5.54%
Purchase Details
Closed on
Mar 11, 2003
Sold by
Deutsche Bank National Trust Co
Bought by
Garcia Eduardo and Montoya Anahi
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
5.54%
Purchase Details
Closed on
Jun 18, 2002
Sold by
Ortiz Dora C and Machado Hector Manuel
Bought by
Bankers Trust Company Of California
Purchase Details
Closed on
Mar 8, 2001
Sold by
Tcs Properties Inc
Bought by
Ortiz Dora C and Machado Hector Manuel
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
9.12%
Purchase Details
Closed on
Sep 30, 1999
Sold by
U S Bank National
Bought by
Tcs Properties Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,700
Interest Rate
7.82%
Purchase Details
Closed on
Feb 1, 1999
Sold by
Granados Guillermo and Granados Araceli
Bought by
Us Bank National and First Bank National
Purchase Details
Closed on
Jan 20, 1999
Sold by
Granados Erasto
Bought by
Bandera Arturo
Purchase Details
Closed on
Nov 18, 1998
Sold by
Granados Guillermo and Granados Araceli
Bought by
Granados Erasto
Purchase Details
Closed on
Mar 4, 1998
Sold by
Granados Guillermo and First Bank National
Bought by
First Bank National
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Fierro Anthony P | -- | Title Connect Inc | |
| Pierro Anthony P | -- | Title Connect Inc | |
| Fierro Anthony P | -- | Provident Title Company | |
| Fierro Anthony P | -- | Fidelity National Title | |
| Fierro Anthony P | $520,000 | Fidelity National Title | |
| Rodriguez M Richard | -- | Sut | |
| Rodriguez M Richard | $645,000 | Security Union Title Company | |
| Calatayud Maricela | $639,000 | Investors Title Company | |
| Chavez Lilia | -- | None Available | |
| Brown Zeira | $425,000 | Landsafe Title | |
| Garcia Alicia | -- | Ticor Title Company | |
| El Valle De Las Delicias | -- | Ticor Title Company | |
| Garcia Alicia | $329,000 | Ticor Title Company | |
| El Valle De Las Delicias | -- | -- | |
| El Valle De Las Delicias | -- | -- | |
| Garcia Eduardo | -- | Fidelity National Title Co | |
| Garcia Eduardo | $190,500 | Fidelity National Title Co | |
| Bankers Trust Company Of California | $215,000 | Fidelity National Title | |
| Ortiz Dora C | $270,000 | American Title | |
| Tcs Properties Inc | $135,000 | Investors Title Company | |
| Us Bank National | $134,492 | Chicago Title | |
| Bandera Arturo | -- | -- | |
| Granados Erasto | -- | -- | |
| First Bank National | $132,759 | Stewart Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Fierro Anthony P | $528,000 | |
| Closed | Fierro Anthony P | $513,823 | |
| Previous Owner | Fierro Anthony P | $510,581 | |
| Previous Owner | Rodriguez M Richard | $516,000 | |
| Previous Owner | Calatayud Maricela | $511,200 | |
| Previous Owner | Brown Zeira | $340,000 | |
| Previous Owner | Garcia Alicia | $312,550 | |
| Previous Owner | Garcia Eduardo | $172,000 | |
| Previous Owner | Ortiz Dora C | $243,000 | |
| Previous Owner | Tcs Properties Inc | $137,700 | |
| Closed | Brown Zeira | $63,750 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/27/2022 05/27/22 | Sold | $775,000 | 0.0% | $338 / Sq Ft | |
| 04/25/2022 04/25/22 | Pending | -- | -- | -- | |
| 04/11/2022 04/11/22 | Price Changed | $775,000 | -3.1% | $338 / Sq Ft | |
| 03/08/2022 03/08/22 | For Sale | $800,000 | +53.8% | $349 / Sq Ft | |
| 05/03/2017 05/03/17 | Sold | $520,000 | -5.5% | $227 / Sq Ft | View Prior Sale |
| 01/31/2017 01/31/17 | Pending | -- | -- | -- | |
| 01/13/2017 01/13/17 | Price Changed | $549,988 | -4.3% | $240 / Sq Ft | |
| 12/12/2016 12/12/16 | For Sale | $575,000 | 0.0% | $251 / Sq Ft | |
| 11/21/2016 11/21/16 | Pending | -- | -- | -- | |
| 09/09/2016 09/09/16 | For Sale | $575,000 | 0.0% | $251 / Sq Ft | |
| 08/17/2016 08/17/16 | Pending | -- | -- | -- | |
| 04/20/2016 04/20/16 | For Sale | $575,000 | -- | $251 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,054 | $822,435 | $583,664 | $238,771 |
| 2024 | $10,054 | $806,310 | $572,220 | $234,090 |
| 2023 | $9,862 | $790,500 | $561,000 | $229,500 |
| 2022 | $7,086 | $568,693 | $300,752 | $267,941 |
| 2021 | $6,993 | $557,543 | $294,855 | $262,688 |
| 2020 | $7,059 | $551,827 | $291,832 | $259,995 |
| 2019 | $6,790 | $541,008 | $286,110 | $254,898 |
| 2018 | $6,674 | $530,400 | $280,500 | $249,900 |
| 2017 | $6,291 | $500,000 | $312,500 | $187,500 |
| 2016 | $5,774 | $460,000 | $287,500 | $172,500 |
| 2015 | $5,775 | $460,000 | $287,500 | $172,500 |
| 2014 | $5,160 | $397,000 | $248,100 | $148,900 |
Source: Public Records
Agents Affiliated with this Home
-
Juan Huizar
-
C
Seller Co-Listing Agent in 2022
Caleb Baldwin
INTI Realty
-
A
Buyer's Agent in 2022
Andrew McAdams
eXp Realty of California Inc
-
Natasha Gwilt
Buyer Co-Listing Agent in 2022
Natasha Gwilt
eXp Realty of California Inc
(424) 408-1868
1 in this area
104 Total Sales
-
Albert Rodriguez
Seller's Agent in 2017
Albert Rodriguez
CENTURY 21 CITRUS REALTY INC
(626) 255-4854
58 Total Sales
-
J
Buyer's Agent in 2017
Juan Moreno
New Aim Funding Inc.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22041707
APN: 6006-026-028
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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